GAO audit...Olson on federal government failure to track money

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The federal government this week released its first audit of itself, and the results are not good. You would expect that an operation the size of the U. S. government - $1.6 trillion a year - would lose track of a few transactions. But the General Accounting Office report finds the government doesn't know what it owns, or what it owes and doesn't have the record keeping system in place to find the answers. The good news is state government, at least in Minnesota, appears to have a much better handle on its affairs. Minnesota Public Radio's Dan Olson reports.

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Digitization made possible by the State of Minnesota Legacy Amendment’s Arts and Cultural Heritage Fund, approved by voters in 2008.

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